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20121201
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from our chinese owners. china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it and now 90% of the wine from here that's 9,000 cases -- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods for goods that are scarce and for goods that are well made. so rather than buying chinese- made products and spending our money over there, they're buying american made products and sending their money back over here. >> reporter: on the jobs stay here? >> and the jobs stay here. >> reporter: rich chinese firms have investigated billions in the u.s. 1.3billion in california companies. a reported $560 million invested in the past year. the chinese are also boosting the golden state's housing recovery. they have bought one out of every 10 homes sold in the past year. >> compared to the high-end housing like in beijing, this is not that expensive. >> reporter: this university of southern california student has a $1 million condo a
hitting four members of a family from china and then leaving the scene. one of the victims later died at the hospital. >> gina and the entire eunice family is chronically destroyed by what happened and i think it's fair to say that their main concern is for the yao family. >> bail is set at $2 million. she will be back in court on new year's eve this monday. her lawyer says she was about to graduate from college with hopes of becoming a police officer. >>> a terrible stench was the first claw that somebody was dead in a vallejo neighborhood. two people are under arrest in connection with a body found in the backyard of a home on warren avenue. the body of 56-year-old richmond romer of alameda was badly decomposed. he has been dead for two years. romer's 22-year-old son joseph romer is accused of hiding his father's body in relative's backyard. the body was found earlier this month. >> my sister had walked over there and got about to where the red car is and she is like, wow. i mean, she could smell it from that far off. so that's a good 40, 50 feet away that she could smell it. >> the
in the south china sea. >>> u.s. secretary of state hillary clinton just announced the u.s. and russia have reached an agreement in hopes of ending the civil war in syria. clinton has been meeting with the foreign minister and united nations mediator. the deal calls for mediation effort for all parties in syria to bring about a political transition there. syrian president bashar assad must leave power to ensure a democratic future for the country. >>> u.s. stock futures dropped in light traded overnight as investors awaited the november jobs report. >>> it's just out showing the unemployment rate fell to a four year low. good news to talk about it and here to join us is ashley morrison on cbs money watch.com on a friday. >> and happy friday o to everyone and you frank and michelle with better than expected news out on the jobs front this morning. the labor department says employers added 146,000 jobs in november and that the unemployment rate dropped to 7.7%. that is the lowest level we've seen since december of 2008. economists were predicting just 80,000 jobs would have added because of s
of striking several pedestrians here in san francisco. one of the victims was a woman from china. she died of her injuries after thursday night's accident on christmas tree point road in the twin peaks area. the woman was arrested that night on suspicion of felony dui and hit and run. >>> nurses are set to begin a 24-hour strike at nine mobile hospitals. it is the latest in a series of short-term strikes by the california nurses association. it will affect several hospitals as well as two hospitals in san jose. all of the facilities plan to operate with replacement workers. union workers and management are at odds over benefits and staffing. the strikes set to begin this morning at 7:00 a.m.. >>> this is the san francisco explore tore yum's last full week of operation at the current site. the interactive science museum has been at the palace of fine arts for more than 40 years. it's moving to pier 15 right there along the embarcadero. it will reopen in april. a farewell ceremony the a its current direction will be held january 22nd. that is so cool. i think i was a kid the last time -- >>
. well, asian markets were mostly high they are morning on improved manufacturing data from china. tokyo's nikkei edged up a fraction to a seven month closing high while hong kong's hang seng lost a percent. >>> on wall street there was little movement as investors were cautious with all eyes on the "fiscal cliff." the dow rose 3, nasdaq down 2. >>> so far there's no resolution of the strike by clerical work at the ports of los angeles and long beach. the strike enters its 7th day today dramatically slowing traffic at the nation's busiest cargo complex. dock workers refuse to cross the picket lines. the clerical workers say management has been outsourcing their work. >>> and delta airlines is looking to buy a 49% stake in virgin atlantic airlines. now owned by singapore airlines. some 51% of virgin atlantic is owned by richard branson. virgin is the second biggest airline at london's heathrow airport. a delta partnership would allow delta to expand its london-to- new york flight. that would be a big move for delta. >> if you work at toys 'r us, they will get more money but may stay open
fell into the east china sea and a third part fell into the pacific ocean east of the philippines about 2,000 miles away. >>> a big victory for millionaire fugitive john mcafee. he was released from guatemalan custody. he snuck into guatemala from belize where he is wanted in connection with the murder of his neighbor. a guatemalan judge has given mcafee 10 days to get his immigration situation sorted out. >>> mexican transportation officials say the plane carrying singing sensation jenni rivera plunged almost vertically from 28,000 feet. the plane did a nosedive into the ground at 600 miles an hour. investigators are piecing together the wreckage to find the exact cause of the crash. they say it could take days. >>> it is 5:20. new this morning, it is the blessing tweeted around the world and now the head of the catholic church has more twitter followers than all of us. pope benedict xvi's message, dear friends, i am pleased to get in touch with you through twitter. he also added i bless all of you from my heart, in eighth different languages. an hour after the twice more than 700,000
to social programs like medicare. >>> a new report showing growth in china's manufacturing sector lifted most asian stocks. hong kong's hang seng gained .5%. tokyo's nikkei shed a fraction. >>> now, you might not know the name but you have seen the unique label that norman woodland developed with another engineer. woodland invented the bar code. now what it is, that rectangle found on about every product we buy in stores. they got a patent for their invention 60 years ago. but the technology to use the bar code was not developed until 1974. norman woodland was 91. let's send it back to you. >> hope he made a couple of bucks with that. >> i'm sure. >>> well, apparently new yorkers will soon be able to hail their taxis just using their phones, right? >> reporter: aha. and new york raising your arm in the middle of the street and yelling taxi! it may soon be passe. the new way to get a cab may be with a smartphone app that's being tested. a passenger would use the app to request a ride. and the first cab driver who responds to the call from his cell phone gets the ride. a similar program is
morning, frank and michelle. well, strong manufacturing growth in china fueled most markets there. the shanghai composite gained more than 1 1/2 hong kong's hang seng lost a fraction and tokyo's nikkei was closed for the holiday. >>> today is the last trading day of the year on wall street. on friday, the markets closed lower as investors keep a close eye on the "fiscal cliff" negotiations. the dow plunged 158 points falling below the 13,000 mark while the nasdaq dropped 25 points. >>> ford motors had another banner year. the automaker says they sold 2.2 million vehicles here in the u.s. in 2012. that's up from 2.1 million last year. the ford focus is their most popular model. this is the second year in a row ford has topped 2 million in sales. the only u.s. company to do that. >>> and there may not be many happy returns this year especially if you don't have your receipt. the national retail federation says $63 billion worth of presents will be taken back to the stores. that is a lot of unhappy people. receipts could be critical in making a return because many stores are tighteni
Search Results 0 to 7 of about 8